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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: Stephen O who wrote (81459)	2/5/2002 7:23:27 AM
From: long-gone	Read Replies (1) of 116813

Monday February 4, 3:54 pm Eastern Time Newmont says will fight Peru bribery claims (UPDATE: Adds comment from Newmont Latin America chief in paragraphs 11-14, stock price in last paragraph) DENVER, Colorado, Feb 4 (Reuters) - Newmont Mining Corp (NYSE:NEM - news) said on Monday it will vigorously defend itself against a lawsuit filed by a French businessman that accuses the U.S. gold major of paying Peru's ex-spy chief to help it win a controlling stake in South America's biggest gold mine. Patrick Maugein, an advisor to the French government, alleged in documents filed in Denver's federal court late on Friday that Newmont and its Peruvian partner, Buenaventura, paid Vladimiro Montesinos ``millions of dollars'' to bribe Peruvian judges to rule in favor of Newmont in a 1998 case involving the huge Yanacocha gold mine in the northern Andes. Montesinos is awaiting trial on a raft of charges from murder to money laundering in a scandal that toppled Peru's Alberto Fujimori from power in November 2000. Maugein claims in the suit that Newmont and others ``engaged in a racketeering scheme(cont) biz.yahoo.com

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